Abstract
The health and happiness of older adults affect social stability and are issues that governments around the world must address. The purpose of this study is to identify the mutual impact of self-rated health, intergenerational relationship, and subjective well-being among older adults. The data of China Family Panel Studies (CFPS) was used, and the study constructed OLS and mediation effect models. The study found that self-rated health and intergenerational relationship had significant positive impacts on the subjective well-being, self-rated health had an indirect impact on the subjective well-being through the intergenerational relationship, and the subjective well-being also had significant positive impacts on self-rated health and intergenerational relationship. The study also found that self-rated health had positive impacts on the subjective well-being of male, agricultural, non-singled, and young older adults. Intergenerational relationship had stronger positive impacts on the subjective well-being of female, non-agricultural, singled, and aged 70 and above older adults. These results suggest that policy makers should formulate differentiated strategies, pay attention to the mental and physical health of older adults, and play the basic role of family and establish harmonious intergenerational relationship.